What is SSY (Sukanya Samriddhi Yojana)? — Meaning, Definition & Example
Definition
SSY is a government-backed savings scheme for the girl child, part of Beti Bachao Beti Padhao campaign. Parents can open the account for girls below 10 years. It has 15-year deposit period with maturity at age 21. Current interest rate is 8.2% with EEE tax status.
Depositing ₹1.5 lakh/year in SSY at 8.2% for your 1-year-old daughter gives approximately ₹72 lakh at maturity when she turns 21.
🇮🇳 SSY (Sukanya Samriddhi Yojana) in Hindi / हिंदी में
SSY (सुकन्या समृद्धि योजना) — SSY बेटी बचाओ बेटी पढ़ाओ अभियान का हिस्सा, बालिकाओं के लिए सरकार समर्थित बचत योजना है। 10 वर्ष से कम आयु की बालिकाओं के लिए खाता खोला जा सकता है।
SSY (Sukanya Samriddhi Yojana) (Hinglish) — SSY Beti Bachao Beti Padhao campaign ka part hai, girls ke liye government savings scheme. 10 saal se chhoti ladkiyon ka account khol sakte ho. 8.2% interest, EEE tax status.